Alliance Wealth Advisors LLC UT Acquires Shares of 1,263 Globant S.A. (NYSE:GLOB)

Alliance Wealth Advisors LLC UT bought a new position in Globant S.A. (NYSE:GLOB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,263 shares of the information technology services provider's stock, valued at approximately $271,000.

Several other large investors have also recently made changes to their positions in GLOB. ORG Partners LLC grew its position in Globant by 65.5% in the third quarter. ORG Partners LLC now owns 192 shares of the information technology services provider's stock worth $38,000 after acquiring an additional 76 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Globant in the third quarter worth about $40,000. Signaturefd LLC grew its position in Globant by 46.0% in the third quarter. Signaturefd LLC now owns 292 shares of the information technology services provider's stock worth $58,000 after acquiring an additional 92 shares in the last quarter. Van ECK Associates Corp grew its position in Globant by 62.4% in the third quarter. Van ECK Associates Corp now owns 398 shares of the information technology services provider's stock worth $86,000 after acquiring an additional 153 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Globant by 56.7% in the third quarter. GAMMA Investing LLC now owns 793 shares of the information technology services provider's stock worth $157,000 after acquiring an additional 287 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

Globant Price Performance

Shares of GLOB traded up $0.41 during midday trading on Friday, reaching $217.64. The stock had a trading volume of 613,234 shares, compared to its average volume of 440,014. Globant S.A. has a 1-year low of $151.68 and a 1-year high of $245.81. The company's fifty day simple moving average is $216.10 and its two-hundred day simple moving average is $209.14. The company has a market cap of $9.38 billion, a price-to-earnings ratio of 56.83, a PEG ratio of 2.46 and a beta of 1.39.

Analyst Ratings Changes

Several research analysts recently commented on GLOB shares. Citigroup lifted their price target on Globant from $240.00 to $251.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Susquehanna started coverage on Globant in a research report on Tuesday, December 17th. They set a "positive" rating and a $255.00 target price for the company. Scotiabank boosted their target price on Globant from $210.00 to $220.00 and gave the company a "sector perform" rating in a research report on Tuesday, November 19th. StockNews.com upgraded Globant from a "sell" rating to a "hold" rating in a report on Sunday, November 24th. Finally, UBS Group lowered their price target on Globant from $222.00 to $217.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $230.28.

Globant Company Profile

Globant SA, together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.